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There is a North Korean factory with no portraits of the country's late leaders on the walls, no North Korean flags, no hand-painted posters screaming party slogans. Everything from the tissues to the toilets comes from South Korea.

NEW DELHI: At least five private equity investors, including Carlyle, Standard Chartered PE, NewQuest, Tata Opportunities Fund and Blackstone, are in the fray to buy IFCI's 26 per cent stake in Stock Holding Corporation of India (SHCIL), the largest custodian of securities. The Delhi-headquartered non-banking finance company currently holds nearly 53 per cent stake in SHCIL and is exiting several of its non-core investments. Funds raised through the sale of stakes in companies such as the National Stock Exchange are being used to aggressively provide for non-performing assets.

(NEW YORK) — Fire protection and security company Tyco is selling its South Korean security business to asset manager The Carlyle Group for about $1.93 billion. Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries form and run Tyco International Ltd.’s South Korean security business. That business serves approximately 475,000 small-and-medium-sized businesses, commercial and residential customers. It provides central monitoring services, with video surveillance and dispatch, access control and other customized security solutions as well as guarding services.

(NEW YORK) — Fire protection and security company Tyco is selling its South Korean security business to asset manager The Carlyle Group for about $1.93 billion. Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries form and run Tyco International Ltd.’s South Korean security business. That business serves approximately 475,000 small-and-medium-sized businesses, commercial and residential customers. It provides central monitoring services, with video surveillance and dispatch, access control and other customized security solutions as well as guarding services.

Pengrowth Energy Corp. and Canadian Natural Resources Ltd. are likely buyers of Korea National Oil Corp.’s Canadian oil and natural gas properties as the state-run company retreats from the country it once made a cornerstone of its global expansion.

LONDON — Three big-name bidders for Rio Tinto’s majority stake in Canada’s largest iron ore producer are now out of the running, sources familiar with the talks said on Tuesday, after offers came in well below the mining group’s targets.
The sources said private equity firm Apollo, which had been working with Canadian pension fund CPPIB, rival Blackstone and commodity trader and miner Glencore were no longer in the race after a second round of bids last month.